What is a FOREXIA Trading M and W Formations for Cheap?
Summary
The video provides a comprehensive guide to trading M and W formations on a 15-minute chart with a focus on naked chart analysis. It covers the use of moving averages such as the 800, 50, and 20, as well as session breaks for identifying these formations. Practical examples and strategies are shared to help traders capitalize on these patterns, emphasizing the importance of understanding divergence and avoiding traps set by dealers through false trends. Staying focused on highs and lows of different timeframes and catching the second leg of the pattern are key takeaways for profitable trading opportunities.
Introduction and Community Information
The video starts with an introduction to trading M and W formations. It also provides information on accessing more resources on their website and telegram community.
Analyzing Timeframes and Moving Averages
Focus on using a 15-minute timeframe with naked chart analysis. Explanation of the 800, 50, and 20 moving averages. Discussion on session breaks and identifying M and W formations based on highs and lows.
Trading Strategies on 15-minute Chart
Detailed explanation of trading strategies for M and W formations on a 15-minute chart. Highlights the importance of focusing on highs and lows of the day, week, and month for trading opportunities.
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